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Anthem Inc. has agreed to pay $115 million to settle claims related to the massive 2015 cyberattack that affected 78.8 million customers. If approved by U.S. District Judge Lucy Koh of the Northern District of California, the deal would be the largest data breach settlement in history.
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Cybercrime poses an ever-increasing threat to consumers of financial products and services. In 2016, the then- SEC Chair said that cybercrime ranks as “one of the greatest risks facing the financial services industry.” Federal law thus requires financial services firms to implement procedures designed to protect their customers' data. Now individual states are increasingly getting into the game.
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The use of business email accounts and digital devices for personal communications can be risky for both employers and employees. However, employees of all levels may be commingling corporate communications with their personal information, according to new research.
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Employees the world over were locked out of their computers on May 12 and over that following weekend as an insidious and widespread cyberattack nicknamed "WannaCry" rolled through the Internet and into headlines. Luckily for U.S. law firms, experts said it was unlikely that this particular ransomware attack hit many of them. However, they fear aftershocks.
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<b><i>The Future State of the E-Discovery Job Market Will Be Cloud and Contract Staffing</b></i><p><b><i>Part Three of a Three-Part Article</b></i><p>If the history of e-discovery is the future of cybersecurity, then what should one expect for the future of e-discovery? How long will the current period of consolidation continue? What will be the next chapter in e-discovery's never-ending reinvention? How closely will the next 10 years of cybersecurity job trends mirror e-discovery's past?
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Ransomware has quickly emerged as a billion dollar industry and shows no sign of slowing down. So why is ransomware the ubiquitous nuisance it is? Simple: It works. Over 70% of companies pay the ransom.
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A common perception of today's legal services industry is that buyers of legal services have many more choices because legal services are disaggregating and unbundling. No longer are law firms the only option for clients with legal work; they now have a wider menu of providers from which to choose.
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Anyone following the news headlines of late is aware that artificial intelligence (AI) is being heralded as the technology that will transform industries far and wide — including the legal profession. The evolution of technology in the practice of law today has already led to significant advances in data analytics and data visualization, each of which are having a significant impact on legal work.
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The use of business email accounts and digital devices for personal communications can be risky for both employers and employees. However, employees of all levels may be commingling corporate communications with their personal information, according to new research.
Features
The sort of ransomware attack experts have warned about for years has happened. Now organizations need to examine their security postures.